28% growth: responsAbility remains on course for success
Demand for development investments is undiminished
Zurich, 16 June 2015 – responsAbility Investments AG, which specialises in development investments, now has USD 2.6 billion of assets under management invested in 535 companies in 93 emerging economies and developing countries through 12 different investment vehicles. Since 2011, the Swiss asset manager has attracted approximately USD 500 million of new assets each year. Institutional investors such as pension funds account for over 40% of these assets.
responsAbility has been active in the field of development investments since 2003 and manages 12 different investment products that focus on themes including microfinance, sustainable agriculture and energy. responsAbility is represented by teams of investment specialists at nine branches across four continents.
The demand for this form of alternative investments is constantly increasing. As a result, responsAbility recorded a further rise in assets under management of 28% in 2014. Adjusted for foreign exchange impacts, the growth in assets under management was 32% (2014: +37%).
Institutional investors such as pension funds and banks account for an ever larger proportion of these assets. In most cases, these investors require a track record of the investment funds’ performance over several years before they can invest in them. The largest responsAbility fund was launched in 2003 and today manages USD 1 billion of assets.
responsAbility funds invest exclusively in companies that have a positive impact on development through their offering. Microfinance institutions provide access to financial services for broad sections of the population. Organizations that distribute organic foods provide their members with market access, while companies specializing in biomass logistics transform agricultural waste products into a clean energy source.
In total, 310 companies that are financed directly by responsAbility investment vehicles generated USD 12 billion of turnover (2013: 266 companies, USD 9 billion of turnover), employed 209,000 people and paid USD 386 million of taxes in 2014. They served 32 million borrowers, reached 257,000 small farmers and generated 266,000 tonnes of CO2 savings during the year – all of which make an important contribution to the economies concerned.
These and other data can be found in ‘Perspectives’ – the leading publication in the field of development investments issued by responsAbility each year. In connection with the publication of the 2015/2016 edition of the report, Klaus Tischhauser, Co-Founder and CEO of responsibility, explained: “Development investments such as those made by responsAbility enable investors to tap into the potential of growth markets around the globe in a sustainable manner from both an economic and a development perspective. This business model works and has been delivering stable performance for years – convincing investors and attracting more and more client assets. We are committed to further expanding our profitable investment activities and to thus generating an even greater development impact.”
responsAbility Investments AG
Ulli Janett, Media Relations
Telefon: +41 44 250 67 15
E-mail: ulli.janett [at] responsAbility.com
About responsAbility Investments AG
responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments and offers professionally managed investment solutions to both private and institutional investors. The company supplies debt and equity financing to non-listed firms in emerging economies and developing countries.
responsAbility currently has USD 2.6 billion of assets under management invested in 535 companies in over 93 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is regulated by the Swiss Financial Market Supervisory Authority FINMA. Furthermore, the Alternative Investment Fund Manager (AIFM) status of the Luxembourg management company responsAbility Management Company SA acquired in 2015 enables responsAbility to distribute a large proportion of its investment products to professional investors throughout the EU.